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In what could be a matter of pride, and source of inspiration for many young Indians who want to make it big in the corporate world, three persons of Indian origin have been included in the list of 100 highest-paid CEOs globally. 
 
PepsiCo's <a href="http://www.businessinsider.in/Pepsi-CEO-says-shes-called-honey-and-sweetie-at-work/articleshow/51818532.cms">Indra Nooyi</a>, Microsoft’s <a href="http://www.businessinsider.in/Microsoft-CEO-Satya-Nadella-loves-to-use-a-quote-from-Wayne-Dyer-to-describe-the-future-of-technology/articleshow/51999804.cms">Satya Nadella</a> amd LyondellBasell's <keyword id="285826" type="PERSON" weightage="100" keywordseo="Bhavesh-Patel">Bhavesh Patel</keyword> have made it to the top 100, list which was compiled by Equilar, out of which Nooyi and Patel have made it to the top ten. 
 
With Patel ranking sixth on the list with a total compensation of $24.5 million, <a href="http://www.businessinsider.in/Leadership-lessons-from-PepsiCo-CEO-Indra-Nooyi/articleshow/51597307.cms">Nooyi </a>has stood at the eighth rank, with a total pay of $22.2 million. 
 
<a href="http://www.businessinsider.in/Microsoft-CEO-Satya-Nadella-just-did-something-no-one-dreamed-he-would-make-peace-with-Google/articleshow/51948744.cms">Satya Nadella</a>, on the other hand, was ranked 26th on the list, with a total compensation of $18.3 million. 
 
Talking of gender diversity, eight CEOs on the list are female, with Oracle’s <a href="http://www.businessinsider.in/oracle-co-CEO-speaks-at-Nasscom-India/articleshow/50932467.cms">Safra A Catz</a> topping the list along with co-CEO Mark V Hurd, both making $53.2 million.

Three Indians feature in the list of highest paid CEOs, with two in top 10

<ul><li>Premium luggage brand Samsonite has launched a new sustainable range of products for its consumers.</li><li>As travel picks up, GenZ and Millennials are becoming more conscious about their carbon footprint, which is expected to give a push to the sustainable luggage industry.</li><li>Jai Krishnan, CEO India at Samsonite South Asia speaks to Business Insider India about the company’s foray into sustainable luggage and travel trends.</li><li>Samsonite plans to invest ₹250 crore in ramping up its storage and warehousing capacity.</li></ul>After the pandemic wreaked havoc on the travel industry, the conversations around sustainability have been getting louder. Younger travellers are placing greater emphasis on sustainability, opting for greener flights to neutralise their carbon footprint and looking for luggage made out of eco-friendly materials. This growing awareness inspired global luggage manufacturer and retailer Samsonite to launch a biodegradable, eco-friendly range of luggage. “In the initial years, we had a different approach to sustainability. We thought we must make products that are long-lasting, durable for consumers, provide product repairability, which means less replacement in the market, leaving much less impact on the environment,” Jai Krishnan, CEO India, Samsonite South Asia told Business Insider India. As the company’s outlook on sustainability changed, it has now launched a new line of luggage in the price range of ₹18,500 to ₹23,100. It’s made out of recycled material in collaboration with Quality Circular Polymers (QCP), a plastics recycling joint venture of SUEZ and LyondellBasell. “Plastic mineral water bottles have been converted into the exterior of the hard-side cases and used into the lining that goes into a luggage,” said Krishnan. Over 483 yoghurt cups and 14 plastic bottles worth of recycled plastic trash are used to create its large magnum eco luggage. Consumers choose greener travel alternatives Travel is one of the <a href="https://www.bbc.com/future/article/20200317-climate-change-cut-carbon-emissions-from-your-commute">biggest </a>polluting industries. However, consumers are making a conscious effort to make greener travel choices. As per a Booking.com report, 91% of Indian travellers said that they want to travel more sustainably and 68% of them said that recent news about climate change has influenced them to make more <keyword id="8063747" type="General" weightage="20" keywordseo="sustainable-travel" source="Orion">sustainable travel</keyword> choices. “With our consumers, awareness about footprint is very high. As they travel more and more, a lot of Samsonite consumers are on the plane for many days in the year, they are aware that every time they travel, they're leaving a footprint,” said Krishnan. Krishnan said that consumers expect global industry leaders like Samsonite to help them be responsible, which gives them confidence about seeing healthy demand from consumers. “Consumers expect global leaders to do it [lead the change], which is why we expect the business part of it will also grow because the number of consumers who are becoming more aware about the impact on the planet has increased. The younger generation especially is more aware of the climate. What Samsonite is doing today, everybody will eventually have to do. But this is not done with a pure business perspective because we owe it to the planet,” Krishnan told Business Insider India. The premium luggage market According to Krishnan, the total luggage industry is about ₹20,000 crore in India and out of which, 60-70% is unbranded. The premium luggage market has only managed to capture a 10% share and Samsonite occupies a 5% market share of this pie. As demand for travel picked up, Samsonite saw a growth in its sales across categories. “Every category in the travel bag business is booming. We have grown by 110% this year in the first half of 2022. That's happening because Indians are itching to travel and the boom will continue for a fairly long time now,” said Krishnan. Consumers are travelling and making the most of the opportunity this year. “That there is wedding-associated travel, students have started again traveling outside India and within India -- they've started moving from smaller cities to bigger cities. Work from home is dropping. So many triggers have all worked together in these last few months, that there's a big boom in the industry,” said Krishnan. This boom in travel is not just because of the festive season. Sales have been picking up across seasons. “Earlier there used to be a lot of seasonality. Now, in the last seven-eight months have been so good that every month is a new record,” shared Krishnan with Business Insider India. While Krishnan expects to see a jump in October and November, he said that the peaks were steeper in the past. Now, consumers are travelling all through the year. Samsonite to invest ₹250 crore in ramping up its storage and warehousing capacity To cater to this increasing demand, Samsonite has been ramping up its storage space and facility. “We're increasing capacity again. We launched a new big factory in Nashik, Maharashtra in 2020. Now, within two years or two and a half years, we will invest approximately ₹250 crore in the factory itself,” said Krishnan. It will install 10 machines and eight assembly lines by January 2024.

Travel Sustainable: Samsonite’s new line of luggage is made from yoghurt cups and plastic bottles

<ul class="summary-list"><li><keyword id="11916724" type="UNKNOWN" weightage="60" keywordseo="furniture" source="Orion">Furniture</keyword> shipments are still delayed due to a shortage of <keyword id="12395826" type="UNKNOWN" weightage="60" keywordseo="foam" source="Orion">foam</keyword> used in mattresses and couches.</li><li>The Texas freeze impacted foam manufacturing, and consumer demand for furniture remains high.</li></ul>Foam shortages are continuing to hamper the furniture industry, leading to delays that likely won't be resolved until next year. Consumer demand for products that include foam, like couches and mattresses, remains so high that the foam industry is struggling to keep up. The shortage, combined with <a href="https://www.businessinsider.com/shipping-containers-stuck-california-ports-combat-shortages-2021-9">shipping backlogs</a> that are holding up raw materials and <a href="https://www.businessinsider.com/us-needs-truckers-trucking-association-president-says-2021-10">a truck driver shortage that's delaying deliveries</a>, means that some furniture that's ordered now <a href="https://www.bloomberg.com/news/articles/2021-09-25/supply-chain-delays-furniture-buyers-feel-they-re-waiting-forever-for-a-couch?sref=BWbpWjRm">won't even ship until 2022</a>.Russ Batson, executive director of the <a href="https://www.pfa.org/">Polyurethane Foam Association</a>, an industry group that represents foam manufacturers, told Insider in an email on Monday that while foam production has now returned to pre-pandemic levels, it's "inadequate to meet strong consumer demand" for products, demand that spiked due to <a href="https://www.businessinsider.com/millennials-buying-homes-housing-shortage-roaring-20s-demand-2021-7">a rush in home-buying during the pandemic</a> and <a href="https://www.businessinsider.com/millennial-new-yorkers-hiring-interior-designers-pandemic-apartments-homes-2021-8">a desire to trick out our spaces</a> after spending so many months at home. The foam industry has faced other challenges in 2021 aside from consumers clamoring for furniture. When unprecedented winter storms hit Texas in February 2021, <a href="https://www.businessinsider.com/winter-snow-storm-blackout-texas-damages-could-near-50-billion-2021-2">the region experienced a deep freeze</a> that damaged homes nad businesses and caused pipes to burst.That weather also shut down the chemical plants that make propylene oxide, a key chemical in polyurethane foam - the same foam that's used in mattresses, couch cushions, and seats in cars, the <a href="https://www.houstonchronicle.com/lifestyle/home-design/article/A-shortage-of-foam-and-backlog-for-furniture-16140034.php">Houston Chronicle's Diane Cowen reported</a> earlier this year. Bob Patell, the CEO of LyondellBasell, which produces propylene oxide along the Gulf Coast, said at a JPMorgan conference in March that the Texas freeze wiped out 10% to 14% of its annual petrochemical supply, according to the Chronicle. As a result of the short foam supply, furniture makers in across the US were <a href="https://www.woodworkingnetwork.com/news/woodworking-industry-news/storm-induced-foam-shortage-hurting-furniture-makershttps://hickoryrecord.com/news/local/furniture-industry-decimated-by-foam-shortage-after-texas-storm/article_cf71c222-8346-11eb-ab11-778cc906e6ae.html">forced to cut production hours</a> or <a href="https://www.woodworkingnetwork.com/news/woodworking-industry-news/storm-induced-foam-shortage-hurting-furniture-makershttps://hickoryrecord.com/news/local/furniture-industry-decimated-by-foam-shortage-after-texas-storm/article_cf71c222-8346-11eb-ab11-778cc906e6ae.html">raise prices</a>. One San Francisco-based furniture manufacturer <a href="https://slate.com/business/2021/07/furniture-shortage-couch-sofa-table-delay-explained.html">told Slate's Aaron Mak</a> in July that foam manufacturers were rationing in an attempt to give furniture-makers "something versus nothing." But now, even though production levels have stabilized, the furniture industry could soon face another challenge: increased competition for foam.Batson of the PFA <a href="https://www.furninfo.com/Furniture-Industry-News/14148/">warned earlier this year</a> that couch and mattress companies are lucky, in a way, that they're not seeing foam diverted to automakers. As car companies grapple with an ongoing semiconductor shortage, they're making fewer vehicles - consulting firm AlixPartners <a href="https://www.businessinsider.com/global-chip-shortage-supply-chain-cost-auto-industry-210-billion-2021-9">estimated last month</a> that as many as 7.7 million fewer vehicles will be made this year. Fewer cars means automakers require less foam to put in vehicle seats. But Batson told Insider this week that furniture-makers may need to brace for an even tighter supply of foam."When the auto industry sorts out its more complex supply chain challenges," he said, "that will exert additional pressure on foam supplies."

Furniture shipments are still delayed due to a foam shortage that's slowly improving - as long as car production doesn't ramp back up

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Three Indians feature in the list of highest paid CEOs, with two in top 10

BI India Bureau

Travel Sustainable: Samsonite’s new line of luggage is made from yoghurt cups and plastic bottles

Karuna Sharma

Furniture shipments are still delayed due to a foam shortage that's slowly improving - as long as car production doesn't ramp back up

Avery Hartmans

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